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299 Smithtown Blvd

2,800 SF Office Building Nesconset, NY 11767 £492,944 (£176/SF) 6.43% Net Initial Yield

Executive Summary

Opportunity awaits ! Welcome to 299 Smithtown Blvd. The potential is endless with this office building for both investors and/or owner occupied business owners. The lot has ample parking, with at least 15 parking spots. With a prime location on Smithtown Blvd, this building gets a ton of car and foot traffic. It is close to shops, restaurants and is only 5 minutes off of the LIE. This property is a true gem !

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
2,800 SF
Building Class
B
Year Built
1955
Price
£492,944
Price Per SF
£176
Net Initial Yield
6.43%
NOI
£31,689
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,800 SF
Slab to Slab
10 ft
Building FAR
0.27
Land Acres
0.24 AC
Zoning
Neighborhood Business(NB) - Neighborhood Business District in Town of Smithtown
Parking
15 Spaces (5.36 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Storage Space
  • Central Heating
  • Partitioned Offices
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0800-168-00-01-00-027-002
Land Assessment
£469
Improvements Assessment
£4,710
Total Assessment
£5,180
  • Listing ID: 29392225

  • Date on Market: 29/08/2023

  • Last Updated:

  • Address: 299 Smithtown Blvd, Nesconset, NY 11767

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